917 N Ardmore Avenue, Los Angeles, CA 90029
- $1,850,000
- 9
- BD
- 10
- BA
- 5,666
- SqFt
Listing courtesy of Listing Agent: William James (will@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..
- List Price
- $1,850,000
- Status
- ACTIVE
- Days on Market
- 10
- MLS#
- 26935633
- Subtype
- Residential Income
- Style
- Mid-Century Modern
- Year Built
- 1959
- Bedrooms
- 9
- Bathrooms
- 10
- Living Area
- 5,666
- Lot Size
- 9,053
- Acres
- 0.21
- MLS Area Major
- Hollywood (C20)
Property Description
We are pleased to present 917 N. Ardmore Avenue, a 10-unit multifamily investment opportunity located in the heart of Hollywood, ideally situated between Melrose Avenue and Santa Monica Boulevard. Built in 1959, the property offers an excellent unit mix comprising one (1) studio and nine (9) one-bedroom, one-bathroom units, totaling approximately 5,666 square feet of rentable space. The building is situated on a generous 9,050 square foot lot zoned LAR3, providing significant development potential. The units are distributed across two separate structures with ample on-site open parking. With nearly 25% rental upside, this offering presents a compelling value-add opportunity. A new owner can capitalize on below-market rents as units turn, while also exploring the potential to add additional units on the spacious R3-zoned lot. Priced at 11 times gross rent, attractive new acquisition financing is available
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Additional Information
- Property Description
- Mid-Century Modern
- Zoning
- LAR3
- Appliances
- Refrigerator
- Heating
- Wall Furnace
- Air Conditioning
- Yes
- Exterior Construction
- Stucco
- Stories
- Multi Level
- Levels
- Multi/Split
- Pool Type
- None
- Parking Features
- Assigned
- View
- City Lights
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.